Heritage ridiculous payout rules

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  • wombat
    SBR MVP
    • 11-23-20
    • 1022

    #1
    Heritage ridiculous payout rules
    I’ve been a long time customer of Heritage for over 10 years. I requested a crypto payout today and it was declined. Their reasoning was that I didn’t deposit with Bitcoin. I deposited with Litecoin. well currently they don’t have a litecoin withdrawal option so how is one supposed to withdraw crypto? They said I have to wait until Monday which is clearly a ploy to have customers lose their money through the weekend preventing a withdraw.

    if you’re going to offer Litecoin deposits then you should have a litecoin payout method like every other normal book. Sorry Heritage but after 10 years, I am done with this place. First they reduce your max payout amounts and now this. They can’t seem to get their shit together like a major book.
  • flyingillini
    SBR Aristocracy
    • 12-06-06
    • 41219

    #2
    Book went downhill after they let the gates open. It was much better years ago , the era of the free Pete Rose merch.
    המוסד‎
    המוסד למודיעין ולתפקידים מיוחדים‎
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    • PD77
      SBR MVP
      • 12-11-09
      • 2381

      #3
      That’s good to know, I only use LTC because it’s fast and cheap and I was looking to deposit today for a quick hit. Instant withdrawals narrowed it down to heritage, betcoin and sportsbetting.ag. Looks like heritage is out. Betcoin is almost instant but I hate their interface, I’ve tried for years to make it work and it just doesn’t work for me. Sportsbetting.ag it is. Books will eventually learn instant withdrawals are required to survive nowadays.
      Comment
      • PD77
        SBR MVP
        • 12-11-09
        • 2381

        #4
        Originally posted by flyingillini
        Book went downhill after they let the gates open. It was much better years ago , the era of the free Pete Rose merch.
        <——————————
        Comment
        • wombat
          SBR MVP
          • 11-23-20
          • 1022

          #5
          Thanks to Heritage insider, they were able to push my payout through today.

          With bitcoin fees sky high almost $30 per transaction, I hope they are going to have a litecoin payout option soon or they will lose tons of customers.
          Comment
          • Thefix13
            SBR Wise Guy
            • 05-14-21
            • 664

            #6
            I wonder if you all really believe these books lose "ton of customers" the second one person runs into some short term delay in payment. The sickness will always win. Guaranteed payment and odds are all that matter at the end of the day.
            Comment
            • wombat
              SBR MVP
              • 11-23-20
              • 1022

              #7
              Originally posted by Thefix13
              I wonder if you all really believe these books lose "ton of customers" the second one person runs into some short term delay in payment. The sickness will always win. Guaranteed payment and odds are all that matter at the end of the day.
              Trust me, if they are going to be a mainly crypto deposit book, they will lose tons of customers if Bitcoin is the only option.
              Comment
              • PD77
                SBR MVP
                • 12-11-09
                • 2381

                #8
                Originally posted by Thefix13
                I wonder if you all really believe these books lose "ton of customers" the second one person runs into some short term delay in payment. The sickness will always win. Guaranteed payment and odds are all that matter at the end of the day.
                I don’t know about tons of customers but they absolutely lost one deposit today because of this thread.
                Comment
                • OldBill
                  SBR Hall of Famer
                  • 11-02-21
                  • 6398

                  #9
                  Here are Buffett's 16 best quotes about Bitcoin and crypto, edited and condensed for clarity:

                  1. "Cryptocurrencies basically have no value and they don't produce anything. They don't reproduce, they can't mail you a check, they can't do anything, and what you hope is that somebody else comes along and pays you more money for them later on, but then that person's got the problem. In terms of value: zero." — CNBC, February 2020

                  "You're going to be a lot better off owning productive assets over the next 50 years than you will be owning pieces of paper or bitcoin."


                  Comment
                  • OldBill
                    SBR Hall of Famer
                    • 11-02-21
                    • 6398

                    #10
                    wow wtf i posted more than that

                    Warren Buffett dismissed bitcoin

                    Crypto fans brushed off the billionaire investor and Berkshire Hathaway CEO's warnings, driving bitcoin's price up from around $7,000 at the start of 2020 to over $64,000 in November 2021. However, the currency has plunged 65% to below $17,000 since the beginning of 2022.

                    Cryptocurrencies basically have no value and they don't produce anything. They don't reproduce, they can't mail you a check, they can't do anything, and what you hope is that somebody else comes along and pays you more money for them later on, but then that person's got the problem. In terms of value: zero." — CNBC, February 2020

                    A check is a way of transmitting money too. Are checks worth a whole lot of money just because they can transmit money? I hope bitcoin becomes a better way of doing it but you can replicate it a bunch of different ways. The idea that it has some huge intrinsic value is just a joke in my view." —

                    It's not a currency. It does not meet the test of a currency. I wouldn't be surprised if it's not around in 10 or 20 years. It is not a durable means of exchange, it's not a store of value. It's been a very speculative kind of Buck Rogers-type thing and people buy and sell them because they hope they go up or down just like they did with tulip bulbs a long time ago."
                    Comment
                    • hehfest
                      SBR Hall of Famer
                      • 09-28-08
                      • 7934

                      #11
                      I've never had a problem getting paid by them, but I know the last time I deposited by credit/debit bank card the only withdrawal option I really could use was "check". Well, I got the checks in pretty good time I'd say. That was about last spring if I recall.
                      Comment
                      • hehfest
                        SBR Hall of Famer
                        • 09-28-08
                        • 7934

                        #12
                        Originally posted by OldBill
                        wow wtf i posted more than that

                        Warren Buffett dismissed bitcoin

                        Crypto fans brushed off the billionaire investor and Berkshire Hathaway CEO's warnings, driving bitcoin's price up from around $7,000 at the start of 2020 to over $64,000 in November 2021. However, the currency has plunged 65% to below $17,000 since the beginning of 2022.

                        Cryptocurrencies basically have no value and they don't produce anything. They don't reproduce, they can't mail you a check, they can't do anything, and what you hope is that somebody else comes along and pays you more money for them later on, but then that person's got the problem. In terms of value: zero." — CNBC, February 2020

                        A check is a way of transmitting money too. Are checks worth a whole lot of money just because they can transmit money? I hope bitcoin becomes a better way of doing it but you can replicate it a bunch of different ways. The idea that it has some huge intrinsic value is just a joke in my view." —

                        It's not a currency. It does not meet the test of a currency. I wouldn't be surprised if it's not around in 10 or 20 years. It is not a durable means of exchange, it's not a store of value. It's been a very speculative kind of Buck Rogers-type thing and people buy and sell them because they hope they go up or down just like they did with tulip bulbs a long time ago."
                        I would think there should be no such thing as this being something that can have a price that can fluctuate. Fine that it exist for transactions and money transfers, but why or whom says this has or should have any value?
                        Comment
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